SummaryThe Dutch retail savings and investments market is dominated by deposits, which account for over three quarters of the total market. The Dutch retail savings and investments market has long been plagued by slow growth due to the stagnant economy but is now set to pick up speed - fueled by GDP growth and the continuing recovery of the property market.

Key Findings- In 2015, 74.1% of the country's total liquid assets were held by affluent individuals. Total affluent assets are expected to continue to grow over the next five years to reach $530bn by 2019. The proportion of wealth held by affluent individuals is expected to remain stable at around 74%.

- The savings and investments market is dominated by deposits, which account for over three quarters of the total retail savings and investments market. Mutual funds are second with a 14% share of the market.

- Mutual funds and equities are expected to perform particularly well going forward, while the low interest rate environment will continue to suppress the retail bond market.

- In the Netherlands, 14% of HNW individuals' total portfolios is held offshore, with leading destination Luxembourg absorbing 60% of total HNW offshore bookings. The main drivers for offshore investment are better investment returns and access to a better range of investment options.

SynopsisVerdict Financial's “Wealth in the Netherlands: Sizing the Market Opportunity” analyzes the Dutch wealth and retail savings and investments markets, with a focus on the HNW segment. The report is based on our proprietary datasets.

Specifically the report:

- Sizes the affluent market (both by the number of individuals and value of their liquid assets) using our proprietary datasets.

- Analyzes which asset classes are favored by Dutch investors and how their preferences impact the growth of the total savings and investments market.

Wealth in the Netherlands: Sizing the Market OpportunityTable of ContentsEXECUTIVE SUMMARYKey findingsCritical success factorsSIZING AND FORECASTING THE DUTCH WEALTH MARKETAffluent individuals accounted for 17.8% of the total adult population in 2014Growth in the number of wealthy individuals reflects the broader economic recoveryDutch affluent individuals held $457.1bn in liquid assets at the end of 2015DRIVERS OF GROWTH IN THE DUTCH WEALTH MARKETThe strong focus on deposits limits growth potentialLooking forward to 2019, mutual funds will record the strongest growthDeposits will continue to perform strongly, in line with GDPGDP growth is back on trackInflation remains lowEquities and mutual funds are expected to fare well in line with the stock marketThe Dutch stock market continues on a growth trajectoryHNW INVESTMENT PREFERENCESDutch HNW individuals allocate 11.5% of their investible assets outside traditional investmentsProperty investments account for 7.9% of total HNW portfoliosDutch HNW individuals hold almost 14% of their wealth offshoreWealth managers looking to access the flow of wealth offshore need to offer broad investment optionsLuxembourg is the leading destination for Dutch HNW offshore wealthAPPENDIXAbbreviations and acronymsSupplementary dataDefinitionsAffluentDomicileDTAFATCAHNWLiquid assetsMass affluentOnshoreResidencyTIEAsMethodologyVerdict Financial's 2015 Global Wealth Managers SurveyGlobal Wealth Model methodologyGlobal Retail Investments Analytics methodologyBibliographyFurther readingAbout Verdict FinancialDisclaimer

List of TablesTable 1: Taxable income rates for 2016Table 2: Dutch onshore liquid assets by asset band ($bn), 2011-15Table 3: Dutch onshore liquid assets by asset band ($bn), 2016e-19fTable 4: Total Dutch adult population by asset band (000s), 2011-15Table 5: Total Dutch adult population by asset band (000s), 2016e-19fTable 6: Euro to US dollar exchange rate, December 31, 2014 and December 31, 2015

List of FiguresFigure 1: 17.8% of the Dutch population was affluent as of the end of 2015Figure 2: The mass affluent hold over half of Dutch wealthFigure 3: The Dutch retail savings and investments market is set for stable growthFigure 4: Total liquid wealth will reach $663.2bn by 2019Figure 5: Mutual funds will be the fastest-growing asset class up to 2019Figure 6: Deposits will see moderate growth up to 2019Figure 7: Retail bonds are declining as interest rates remain lowFigure 8: Mutual funds growth and equity growth will convergeFigure 9: The AEX Index has performed steadily in recent yearsFigure 10: Alternatives account for 11.5% of the total Dutch HNW portfolioFigure 11: Dutch HNW individuals hold almost 14% of their liquid wealth offshoreFigure 12: Better investment opportunities drive Dutch offshore investmentsFigure 13: Dutch investors book most of their offshore investments in LuxembourgFigure 14: The Netherlands has signed DTAs or TIEAs with most countries globally

Summary The global wealth market is on a continuous growth path. Worldwide liquid onshore assets will exceed $100tn no later than 2017. But the market is not homogenous: rates and reasons for growth diffe ...

Summary 2015 was a weak year for the global offshore market. However, there have been clear winners and losers as the dynamics of the offshore markets continue to shift. The recent focus of most Western ...

Growth in FinTech is Shaping the Future of Invisible Finance & Virtual Banking The financial services industry is on the brink of disruption, as the use of technology poses a challenge to market players ...